The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Urban Leader Awards Logos RGB White
NOMINATIONS CLOSE SEPTEMBER 12 RECOGNISING THE INDIVIDUALS BEHIND THE PROJECTS
NOMINATIONS CLOSING SEPTEMBER 12 URBAN LEADER AWARDS
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
RetailStaff WriterWed 29 May 13

Melbourne's Southern Cross Station nears full occupancy after major refurbishment

s

Large traffic numbers and strong retail trading results at Melbourne's Southern Cross Station have contributed to a wave of recent leasing transactions in one of the country's busiest transit hubs.

The station has recently undergone an extensive refurbishment - believed to be worth between $20 to $30 million - by AssetCo, a specialist asset management company established to manage public private partnerships.

The refurbishment has increased the gross lettable area of the station by approximately one-third to 6,600sqm.

The revamp was designed to accommodate the increase in patronage, with approximately 40 million commuters passing through Southern Cross Station last year.

CBRE's Retail Services team of Zelman Ainsworth and Max Cookes have recently secured local hospitality operator In a Rush Espresso and mobile phone retailer Vodafone for some of the last remaining retail tenancies.

Mr Ainsworth said negotiations were presently being concluded to fill the final vacancy.

“As there are approximately 47 retailers within the station with a further four sites proposed for the Bourke Street Bridge, it was critical the right retailers were secured which would complement the existing mix,” Mr Ainsworth said.

Existing tenants include Woolworths Express, Hungry Jacks, Red Rooster, Pie Face, Sugar Station, Tower Sushi, Mad Mex and Grill’d, with some retailers having secured two retail locations within the station to service the high pedestrian traffic.

One of the major retailers is Spotless who has seven retail locations within the station, some of which are under franchise agreements with major fast food operators such as Red Rooster, Sumo Salad, and Mad Mex.

Mr Ainsworth said the rapid rise in commuter numbers and changes in the precinct’s demographics had required a rethink of the retail mix and had resulted in strong results being achieved by the station’s new and existing retailers.

Leading Melbourne restaurateur Paul Mathis is in the process of completing a 362 square metre restaurant bar which will trade under the name Network Bar and Pizzeria.



The Network Bar and Pizzeria is scheduled to reach completion early July 2013.

RetailMelbourneSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
Woolloongabba Precinct Vulture St
Exclusive

Brisbane Developer in Cross River Rail Compensation Tussle

Clare Burnett
4 Min
The Mondrian Gold Coast hotel's food and beverage is driving profits
Exclusive

Touch, Taste, Theatre: What’s Driving Mondrian’s Success

Renee McKeown
6 Min
Fortis’ display suites are designed as brand environments first, with tactile details and curated design to build buyer confidence before project specifics.
Exclusive

Relevant or Redundant: Will Tech Kill Display Suites?

Vanessa Croll
7 Min
Exclusive

Missing Heart: Why The Gold Coast Needs a CBD

Phil Bartsch
7 Min
View All >
JQZ Parramatta EDM
Residential

JQZ Plots 10-Storey Addition to Parramatta ‘Auto Alley’ Plans

Clare Burnett
Aerial view of Caboolture and Bruce highway to Brisbane with Bribie Island Road crossing, Queensland, Australia
Policy

Queensland’s $2bn Push Opens New Housing Front

Vanessa Croll
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
The Dorcas Street project replaces demolished walk-ups with 131 modern apartments, the first step in a multi-stage redev…
LATEST
JQZ Parramatta EDM
Residential

JQZ Plots 10-Storey Addition to Parramatta ‘Auto Alley’ Plans

Clare Burnett
3 Min
Aerial view of Caboolture and Bruce highway to Brisbane with Bribie Island Road crossing, Queensland, Australia
Policy

Queensland’s $2bn Push Opens New Housing Front

Vanessa Croll
2 Min
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
2 Min
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/melbournes-southern-cross-station-nears-full-occupancy-after-major-refurbishment